UBS Group AG Sells 57,830 Shares of Gulfport Energy Corporation $GPOR

UBS Group AG decreased its position in shares of Gulfport Energy Corporation (NYSE:GPOR) by 42.7% in the 4th quarter, HoldingsChannel reports. The firm owned 77,578 shares of the company’s stock after selling 57,830 shares during the quarter. UBS Group AG’s holdings in Gulfport Energy were worth $16,135,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Advisory Services Network LLC bought a new stake in Gulfport Energy during the third quarter worth about $28,000. Federated Hermes Inc. lifted its position in Gulfport Energy by 133.7% during the third quarter. Federated Hermes Inc. now owns 222 shares of the company’s stock worth $40,000 after purchasing an additional 127 shares during the period. EverSource Wealth Advisors LLC lifted its position in Gulfport Energy by 364.8% during the second quarter. EverSource Wealth Advisors LLC now owns 251 shares of the company’s stock worth $50,000 after purchasing an additional 197 shares during the period. State of Alaska Department of Revenue bought a new stake in Gulfport Energy during the third quarter worth about $128,000. Finally, Aster Capital Management DIFC Ltd bought a new position in shares of Gulfport Energy in the third quarter worth about $148,000.

Analyst Upgrades and Downgrades

GPOR has been the subject of a number of research reports. TD Cowen raised shares of Gulfport Energy to a “strong-buy” rating in a report on Monday, February 9th. Mizuho increased their target price on shares of Gulfport Energy from $248.00 to $251.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Wall Street Zen cut shares of Gulfport Energy from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Weiss Ratings raised shares of Gulfport Energy from a “hold (c)” rating to a “buy (b)” rating in a report on Monday, March 2nd. Finally, JPMorgan Chase & Co. increased their target price on shares of Gulfport Energy from $228.00 to $229.00 and gave the stock an “overweight” rating in a report on Monday, March 16th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $230.11.

Insiders Place Their Bets

In related news, SVP Michael Sluiter sold 9,933 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $210.00, for a total value of $2,085,930.00. Following the completion of the transaction, the senior vice president owned 11,980 shares in the company, valued at $2,515,800. This trade represents a 45.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Timothy J. Cutt sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $208.73, for a total transaction of $1,043,650.00. Following the completion of the transaction, the director owned 26,255 shares of the company’s stock, valued at approximately $5,480,206.15. This trade represents a 16.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 876,258 shares of company stock worth $179,141,707 over the last quarter. 0.70% of the stock is currently owned by corporate insiders.

Gulfport Energy Stock Up 0.2%

GPOR stock opened at $180.50 on Wednesday. The stock has a market capitalization of $3.24 billion, a P/E ratio of 6.17, a price-to-earnings-growth ratio of 0.88 and a beta of 0.46. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.46. Gulfport Energy Corporation has a 12 month low of $160.95 and a 12 month high of $225.78. The firm has a 50-day moving average price of $198.61 and a 200-day moving average price of $199.87.

Gulfport Energy (NYSE:GPOR) last issued its quarterly earnings data on Tuesday, February 24th. The company reported $5.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.61 by ($0.01). The business had revenue of $398.19 million during the quarter, compared to the consensus estimate of $373.24 million. Gulfport Energy had a net margin of 35.72% and a return on equity of 23.51%. As a group, equities research analysts anticipate that Gulfport Energy Corporation will post 24.31 EPS for the current fiscal year.

Gulfport Energy Profile

Gulfport Energy Corporation is an independent oil and gas exploration and production company based in Oklahoma City, Oklahoma. The company focuses on the development of onshore natural gas, natural gas liquids (NGLs) and crude oil properties in the United States. Gulfport utilizes horizontal drilling and multi-stage hydraulic fracturing techniques to maximize production and enhance recovery from its resource plays.

The company’s primary operations are concentrated in two major U.S. resource basins.